PETALING JAYA: Amid raging questions about its operations and financial health, 1Malaysia Development Bhd (1MDB) has settled a loan amounting to US$975mil (RM3.6bil) to a consortium of international banks.
In a statement, the government investment arm – which had racked up RM42bil in debts as of March 31, 2014 – asserted that the repayment yesterday showed its commitment to reduce its liabilities.
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